MAGICORP EINTERTAINMENT TO BRING U.S. RESTAURANT CHAINS TO CANADA
By Adnews Staff
MagiCorp Entertainment Inc. of Toronto is bringing U.S. restaurant chains Wolfgang Puck Cafe, Wolfgang Puck Express, Gordon Biersch Brewery Restaurants and Cafee Tu Tu Tango to Canada. The move to bring the chains to the Canadian market follows MagiCorp's agreement to acquire the numbered Ontario company which holds the exclusive rights for the four chains in this country. MagiCorp plans to open over 50 of restaurants in these various chains in Canada over the next five years. The company is also considering adding further brands to its portfolio. 1437319 Ontario also owns Fusion Management Corporation, which has enterted into leases with real estate developer PenEquity Management Corporation to develop the first 16 restaurant opertions in Southern Ontario. The first three are expected to open in the fourth quarter of 2001.